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Is It Time For the US To Ditch the Dollar Bill?
coondoggie writes "It seems well past time that the U.S. ditch its $1 bill — considering such a move could save the country somewhere in the neighborhood of $4 billion. But there is much resistance, or perhaps a lack of real consideration of the issue from most people. Watchdogs at the Government Accountability Office this week testified before a Congressional hearing on the topic, and said dollar coins could save $4.4 billion over 30 years (PDF), or an average of about $146 million per year."
For anyone wondering where all the Sacajawea dollars went to, they are mostly in Ecuador. Ecuador uses US dollars as the currency, and people there use dollar coins all the time. You can see some photos of dirty tarnished dollar coins that have obviously been used, which is unheard of in the US.
100% agree...Kill the penny, kill the nickel, kill the quarter, kill the $1 and $5 bills.
The dime (the physically smallest coin) becomes the smallest denomination. 10 of'em to the dollar. If you absolutely have to, create a 50 cent piece that's a bit larger than the dime.
Build a dollar coin that DOESN'T LOOK LIKE A QUARTER, goddammit. Even the gold Sacajawea dollars, after a couple of years, tarnished to look like an older quarter. Build it with an external polygonal rim, or put a hole in the middle of it,. Maybe make it about the size of a penny, or nickel so coin holders in cars, etc., will hold the new dollar. .Build a 5 dollar coin if you must, just a bit larger.
In my world, that'd be two coins ($0.1 and $1.0). The numismatists (who single-handedly keep the penny alive) would probably require 4 ($0.1, $0.5, $1.0, $5.0). Then, three bills - $10, $20, $50. Despite my misgivings about losing a cash economy, the ease of counterfeiting (especially at the nation-state level) probably means that making higher denomination bills is a poor choice.
And the worms ate into his brain.
I can't find a machine to vend 12 oz cans.
There are still around. I have seen quite few of them this week on Auto Repair Shops. I noted that the cheaper the soda can price ( Cheapest was $0.60 USD) the cheaper the quote. Most expensive was $0.90 USD